News
23.07.20
New IMO Secretary-General Elected
Arsenio Antonio Dominguez Velasco from Panama was elected as the next secretary-general of the International Maritime Organization (IMO) on Tuesday during the 129th session of the organization’s Co...
23.07.19
SCFI Turns Upward, CCFI Falls for 4 Consecutive Weeks
The composite Shanghai Containerized Freight Index (SCFI) turned upward in Week 28, improving 5.1% to 979.11 points, thanks to growth in freight rates for containers to North America, South America...
23.07.18
WCI Marginally Increases in Week 28
The composite World Container Index (WCI) increased a marginal 0.9% from the previous week to $1,488.13 per FEU in Week 28, which has dropped 78.7% when compared with the same week of last year, ac...
23.07.14
FuelEU Maritime to Take Effect in 2025
The European Parliament (EP) adopted the FuelEU Maritime regulation by majority vote on Tuesday with 555 members in favor, 48 against and 25 abstentions. The new regulation will take effect on Jan....
23.07.13
Asia’s Exports to US Plunge in June
Container exports from 10 major Asian economies to the U.S. amounted to 1,473,191 TEUs in June (based on volumes at ports where containers are loaded), according to statistics compiled by Descartes...
23.07.12
SCFI Returns to Downward Trend
The composite Shanghai Containerized Freight Index (SCFI) closed at 931.73 points in Week 27, which decreased 2.3% from the previous week to return to a downward trend as spot rates slid on most tr...
23.07.11
US imports Plunge 19.3% in May
U.S. ports covered by Global Port Tracker (GPT) handled 1.93 million TEUs of containers in May, up 8.5% from April but down 19.3% from May 2022, according to a recent report by the National Retail ...
23.07.10
WCI Decreases 1.3% in Week 27
The composite World Container Index (WCI) decreased 1.3% from the previous week to $1,474. per FEU in Week27, which has dropped 79.1% since the same week of last year, according to Drewry Maritime ...
23.07.07
Retail Trans-Pacific Rates Outpace Market Average
Spot rates are sluggish due to weakening demand on the Asia-North America trade, but spot rates for the retail industry are higher than the market average, according to Xeneta, an Oslo, Norway-base...
23.07.06
COSCO Suffers Notable Profit Decreases in H1
COSCO Shipping Holdings estimates that it suffered notable decreases in profit year on year in the first half (January-June). It is envisaged that EBIT plunged 74.1% to RMB24.7 billion (US$3.4 bill...
